Welcome to our dedicated page for Middlesex Watr news (Ticker: MSEX), a resource for investors and traders seeking the latest updates and insights on Middlesex Watr stock.
Middlesex Water Co (NASDAQ: MSEX) delivers essential water and wastewater services to communities across New Jersey, Delaware, and Pennsylvania. This dedicated news hub provides investors and stakeholders with timely updates on regulatory developments, infrastructure projects, and operational milestones.
Access consolidated coverage of earnings announcements, service area expansions, and environmental compliance initiatives. Our repository includes press releases detailing PFAS treatment advancements, renewable energy integrations, and critical infrastructure upgrades like lead service line replacements.
Key updates feature the company’s dual focus on regulated utility operations and contract services for private systems. Stay informed about water quality initiatives, rate case proceedings, and community partnership programs that underscore MSEX’s role in public health protection.
Bookmark this page for direct access to primary source materials and analysis-free reporting. Check regularly for new developments in water utility management, strategic investments, and regulatory responses shaping the Northeast’s essential services landscape.
Middlesex Water Company (NASDAQ:MSEX) has declared a quarterly cash dividend of $0.325 per share on its common stock. The dividend is payable on September 3, 2024 to shareholders of record as of August 15, 2024. This announcement continues the company's long-standing tradition of paying cash dividends, which it has maintained continually since 1912.
Middlesex Water provides regulated and unregulated water and wastewater utility services, primarily in New Jersey and Delaware, through various subsidiary companies. The company's commitment to consistent dividend payments reflects its financial stability and dedication to shareholder value.
Middlesex Water Company (NASDAQ: MSEX) has appointed Mohammed G. (Rally) Zerhouni as the new Senior Vice President, Chief Financial Officer, and Treasurer, effective June 24, 2024. This strategic succession follows a comprehensive search to replace A. Bruce O’Connor, who will retire on June 21, 2024, after 34 years of service. Zerhouni brings over 20 years of finance experience in the regulated utility sector, having held senior roles at SJW Group and Veolia North America. Middlesex Water President and CEO Nadine Leslie expressed confidence in Zerhouni's ability to navigate industry challenges and maintain financial excellence. The company serves nearly half a million people in New Jersey and Delaware, providing a range of water and wastewater services.
Middlesex Water Company is initiating a $9.7 million project to upgrade Woodbridge, NJ’s drinking water infrastructure, starting June 2024. The initiative, part of the RENEW program, will update 18,550 linear feet of water mains, service lines, valves, and hydrants. Additionally, the 'Knocking Out Lead' program aims to replace lead and galvanized steel service lines, aligning with New Jersey’s mandate to replace all such lines by 2031, at no direct cost to qualifying customers. This is the 29th year of the RENEW program, aiming to maintain system resiliency and protect public health. The project is expected to complete in 8-9 months, with road restoration by spring 2025. Weekly updates will be provided online, and temporary water outages will be communicated in advance.
Middlesex Water Company (NASDAQ: MSEX) announces that Dennis W. Doll, its Chairman, has received the Distinguished Service Award from the New Jersey Utilities Association (NJUA) during its 2024 Annual Conference. Doll, who joined Middlesex Water in 2004, has held various key roles including President and CEO. Throughout his tenure, the company achieved significant customer growth, initiated the 'Water for Tomorrow' capital improvement program, enhanced security measures, and made critical investments to meet regulatory requirements. Recently retired as President and CEO, Doll continues to serve as Chairman until May 2025. NJUA also honored the late Joseph Fiordaliso for his contributions to cleaner energy in New Jersey.
Middlesex Water held its Annual Shareholders Meeting online on May 21, 2024. Shareholders re-elected Kim C. Hanemann and Ann L. Noble and elected Nadine Leslie as Class I Directors for three-year terms, and re-elected Dennis W. Doll as a Class II Director for a one-year term. They also approved executive compensation and ratified Baker Tilly US, LLP as the external auditor for 2024. Key discussions included financial results, capital investments in New Jersey and Delaware, major treatment plant upgrades, and governance and sustainability initiatives. An audio webcast of the meeting is available for one year on the company’s website.
Middlesex Water Company reported strong first quarter 2024 financial results, with net income increasing by 82.1% to $10.7 million, diluted earnings per share rising by 78.8% to $0.59, and revenues increasing by 6.2% to $40.5 million. The company's capital investment plan is on schedule, and a dividend of $0.325 per share is payable in June. The annual dividend rate has been increased for fifty-one consecutive years.
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